1 – Partnership Ownership Changes & Liquidations - Heading Chapter 14: Partnership Ownership Changes & Liquidations 3 – Partnership Dissolution - #1 • Dissolution is a legal termination • UPA § 31 & 32: – admission or withdrawal of Pr results in Pp dissolution • When act of dissolution occurs‚ Prs may – continue business as new Pp or – liquidate 2 – Partnership Dissolution - Heading Partnership Dissolution 4 – Partnership Dissolution - #2 • Remember dissolution is not
Premium Payment Money Asset
Depot On April 22‚ 2011‚ the FASB issued a Proposed Accounting Standards Update‚ IntangiblesGoodwill and Other (Topic 350): Testing Goodwill for Impairment. Under the proposed ASU‚ entities testing goodwill for impairment would have the option of performing a qualitative assessment before calculating the fair value of the reporting unit (i.e.‚ step 1 of the goodwill impairment test). If entities determine‚ on the basis of qualitative factors‚ that the fair value of the reporting unit is more likely
Premium Balance sheet International Financial Reporting Standards Asset
Fiat GROUP IAS/IFRS First Time Adoption March 30‚ 2005 Disclaimer This document was prepared to provide a general overview of the impacts of IAS/IFRS on the accounts of Fiat Group during the transition from Italian GAAP to IAS/IFRS As provided for in IFRS 1 – First-time adoption of International Financial Reporting Standards – the information is prepared in accordance with IAS/IFRS published as of December 31‚ 2004 and applicable as of January 1‚ 2005 Information presented in this
Premium International Financial Reporting Standards Financial statements Balance sheet
INTRODUCTION One of the popular firms of business combination is by means of holding company or Parent Company. A holding company is one which directly or indirectly acquires either all or more than half the number of Equity shares in one or more companies so as to secure a controlling interest in such companies‚ which are then known as subsidiary companies. Holding companies are able to nominate the majority of the directors of subsidiary company and therefore control such companies. Holding
Premium Balance sheet Holding company Subsidiary
Residents of the community‚ employees‚ voters‚ legislators‚ all of these groups make up the increasingly diverse communities addressed by organizations and corporations. "Cause marketing" is used by a growing number of companies to build public goodwill and enhance the firm’s image. Cause marketing is typically associated with public service activities that have a wide-range public appeal. The best "causes" are those that everyone in the target markets can embrace. These causes enhance the condition
Premium
Accounting for Amalgamations Contents INTRODUCTION Definitions EXPLANATION Types of Amalgamations Methods of Accounting for Amalgamations The Pooling of Interests Method The Purchase Method Consideration Treatment of Reserves on Amalgamation Treatment of Goodwill Arising on Amalgamation Balance of Profit and Loss Account Treatment of Reserves Specified in A Scheme of Amalgamation Disclosure Amalgamation after the Balance Sheet Date ACCOUNTING STANDARD The Pooling of Interests Method The Purchase Method Paragraphs
Premium Balance sheet Asset Generally Accepted Accounting Principles
incurred in the formation of a corporation. 8. Operating losses incurred in the start-up of a business. 9. Training costs incurred in start-up of new operation. 10. Purchase cost of a franchise. 11. Goodwill generated internally. 12. Cost of testing in search for product alternatives. 13. Goodwill acquired in the purchase of a business. 14. Cost of developing a patent. 15. Cost of purchasing a patent from an inventor. 16. Legal costs incurred in securing a patent. 17. Unrecovered costs of a
Premium Balance sheet Generally Accepted Accounting Principles Asset
because of his heartfelt sympathy at the poverty existing in England and his will to teach others the meanness to the human heart. The tale was solely designed to inspire charity and goodwill in people’s hearts to include those lea fortunate in the traditions involved in the celebrations of Christmas and its universal goodwill. Charity towards the poor and destitute is clearly displayed throughout the novel with the use of Tiny Tim who symbolises the plight of the poor which evokes feelings of charity
Premium Charles Dickens Ebenezer Scrooge Bob Cratchit
10-20 Asset impairment – five situations 20 10-21 Asset impairment 15 10-22 Impairment of property‚ pland and equipment 20 10-23 Asset impairment (*W) 20 10-24 Cash generating unit impairment 15 10-25 Asset group impairment 15 10-26 Goodwill impairment 20 10-27 Cash flow statement 15 10-28 Comprehensive long-lived asset transactions and depreciation 40 10-29 CCA calculations (Appendix 1) 25 10-30 Revaluation model…. 25 *W The solution to this assignment is on the text
Premium Depreciation
CHAPTER 9 ALTERNATE PROBLEMS Problem 9.1A Determining the Cost of Plant Assets Podunk College recently purchased new exercise equipment for its gym. The following information refers to the purchase and installation of this equipment: 1. The list price of the equipment was $180‚000; however‚ Podunk College qualified for an “educational discount” of $30‚000. It paid $20‚000 cash for the equipment‚ and issued a 3-month‚ 12% note payable for the remaining balance. The note‚ plus accrued
Premium Depreciation Expense Balance sheet